Ahlstrom receives a binding offer for Stenay plant from Accursia Capital

Verso Corporation reported financial results for the first quarter of 2018, including net sales of $639 million, net loss of $2 million, and Adjusted EBITDA of $41 million. "Verso had a good start in the first quarter of 2018, with sales revenue up 4 percent to $639 million, Adjusted EBITDA (a non-GAAP measure) up 58 percent to $41 million, and Adjusted EBITDA margin up 2.2 percentage points compared to the first quarter of 2017," said Verso Chief Executive Officer, B. Christopher DiSantis. "We continued to grow our specialty papers business, now 24 percent of total revenue, and are seeing the benefits of our SG&A cost improvement initiatives, with an improvement of $8 million versus the first quarter of 2017. Looking ahead, we have positioned Verso well to benefit from improved operating rates and are building a better business." Click Read More below for additional information.

Glatfelter (NYSE: GLT) today announced that Dante C. Parrini, Chairman and Chief Executive Officer, and John P. Jacunski, Executive Vice President and Chief Financial Officer, will be presenting at the 2017 KeyBanc Capital Markets Basic Materials & Packaging Conference on September 12, 2017, at the InterContinental Hotel in Boston, MA. The presentation will begin at 12:05 p.m. Eastern.

Flambeau River Paper announced the shutdown of its #3 paper machine to be effective immediately. #3 paper machine primarily produces commodity white papers and has been impacted by the ongoing and unprecedented rise in pulp costs coupled with an in-elasticity of commodity paper price. Flambeau River Papers’ #1 and #2 paper machines along with the Flambeau pulp mill, woodyard and utilities will continue to operate uninterrupted on a 24 hour, 7 day a week schedule. It is important to point out that PM 1 and PM 2 produce primarily specialty and value-added papers. The size and capabilities of these two paper machines, along with integrated nature of the mill, make them competitive and well suited for continued success in these markets. Over the last five years the mill has worked hard and qualified propriety specialty papers on these machines. Also manufactured on PM 1 and PM 2 are Flambeau’s other value-added papers such as Torchglow and Glacier Opaque branded papers, custom FDA compliant papers, fluorescent colored papers, wet-strength papers, saturating base stocks, deeply colored papers, watercolor papers, book papers, endleaf papers, lightweight offset papers, converting and drawing stocks. Paper grades historically produced on PM 3 such as Offset Papers and Laser Bond papers will not be part of the productive capacity of FRP as we proceed forward. We will work in concert with you and communicate the status of pending orders and shipments.